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History of Innovation
BFT211/3 BUSINESS INNOVATION
BY: S R I S A R A H MA Z N A H MO H D S A L L E H
Practice
Knowledge
(Practice of
perceptions)
(Art and
Science)
Beliefs
Science
(Accepted
observations)
(Recognise
patterns)
Patterns
Theory of Relativity
8/9/2016
Innovation
Knowledge Innovation
Innovation:
The specific tool of entrepreneurs, the means by which they exploit changes as an opportunity
(Drucker, 1985).
Creation of any product, service or process which is new to the business unit (Tushman & Nadler,
1996).
Cannot be treated as solely from an individual or firm level since the process of innovation is
embedded within the national or regional context (Porter, 1990).
Dynamics of innovation start with idea that produce activities leading to processes and
products sold to customers and bring in more business.
Impact of
Innovation to
the Economy
Innovation is an important
contributor to economic growth.
World of
Innovation
Innovation is a source of
advancement and development.
8/9/2016
World Innovation
Ranking
MALAYSIA
Rank No. 35
2.
3.
Great Innovators.
4.
Knowledge Innovation.
5.